[Update] Capillary Technologies IPO: Issue Subscribed 52% On Day 2

Capillary Technologies IPO: Issue Subscribed 41% So Far On Day 2

SUMMARY

Capillary’s public issue received bids for 43.36 Lakh shares against 83.83 Lakh shares on offer

Retail investors bid for 15.99 Lakh shares against 15.17 Lakh shares reserved for them. This translated to 1.05X oversubscription

Capillary’s public issue is closing tomorrow (November 18) and its shares are expected to list on the exchanges on Friday

Update | November 17, 18:33 IST

Capillary Technologies’ IPO saw tepid response on the second day of bidding and was subscribed 52%. The public issue received bids for 43.36 Lakh shares against 83.83 Lakh shares on offer.

Retail investors bid for 15.99 Lakh shares against 15.17 Lakh shares reserved for them. This translated to 1.05X oversubscription. Non-institutional investors placed bids for 12.71 Lakh shares against 22.76 Lakh shares earmarked for them, translating to 56% subscription.

The portion reserved for qualified institutional buyers was subscribed 31%, getting bids for 13.92 Lakh shares against 45.52 Lakh shares on offer.

Capillary Technologies’ employees bid for 73,525 shares against 38,095 shares reserved for them, translating to 1.93X oversubscription.

Original | November 14, 14:16 IST

Capillary Technologies’ IPO continued to see steady demand and was subscribed 41% by 13:33 IST on the second day of bidding. The public issue received bids for 34.33 Lakh shares against 83.83 Lakh shares available for subscription.

Retail investors placed bids for 11.68 Lakh shares against 15.17 Lakh reserved for them. This translated to a 77% subscription.

Non-institutional investors placed bids for 9.13 Lakh shares against 22.76 Lakh shares earmarked for them. The portion reserved for them was subscribed 40%.

The employee category was oversubscribed 160%, getting bids for 61,300 shares as against 38,095 shares reserved. Meanwhile, qualified institutional buyers placed bids for 12.99 Lakh shares against 45.52 Lakh shares on offer, translating to a 29% subscription.

The price band of the IPO has been set at INR 549 to INR 577, valuing the company at INR 4,576 Cr (about $515 Mn) at the upper end.

The SaaS company raised INR 393.9 Cr from anchor investors last week by allocating 68.28 Lakh equity shares. Mutual funds like SBI, Kotak, Axis, Aditya Birla Sun Life, Mirae Asset, among others, were part of the anchor round.

The public issue will close tomorrow and the company’s shares are expected to list on the exchanges on Friday (November 18).

The IPO comprises a fresh issue of INR 345 Cr and an offer-for-sale component of up to 92.29 Lakh shares. At INR 577 per share, the total size of the issue is around INR 877 Cr.

Founded in 2008 by Aneesh Reddy, Capillary Technologies offers AI-driven, cloud-native software for customer engagement and loyalty management. Its product suite, Loyalty+, Engage+, Insights+, Rewards+, and CDP, helps brands run data-led loyalty programmes and deliver real-time personalised experiences. The company claims to serve over 410 brands across 47 countries.

It intends to utilise the capital raised from the fresh issue to fund its growth initiatives, repay debt and strengthen its AI-powered customer engagement platform.

On the financial front, Capillary Technologies reported a net profit of INR 13.3 Cr in FY25 as against a loss of INR 59.4 Cr in the previous fiscal year. Operating revenue grew 14% YoY to INR 598.3 Cr.

In H1 FY26, it posted a net profit of INR 1 Cr as against a loss of INR 6.8 Cr in the year-ago period. Operating revenue rose 25% YoY to INR 359.2 Cr.